Leighton lands $200mn Philippines road deal
Firm to build new section of North Luzon Expressway at north Manila
Leighton Holdings, the Australian contractor which owns a 45% stake in Dubai's Habtoor Leighton Group, has won a $201mn contract to build a new highway in the Philippines.
The company said that its Asian subsidiary has been appointed by Manila North Tollways Corporation (MNTC) to build Segment 10 of the North Luzon Expressway in the Philippines.
The contract involves building a 5.6km stretch of elevated highway in northwest Metro Manila linking the MacArthur Highway in Valenzuela City and C3 Road in Caloocan City near the port area.
The link is to be built over land reserved for the existing Philippine National Railways (PNR) rail line. Work includes the construction of foundations, sub-structure and superstructure of the elevated highway, together with surfacing and coordination of the construction of traffic management systems. It also involves building toll booths and associated infrastructure.
Ian Edwards, managing director of Leighton's Asia arm, said: “We are delighted to win yet another landmark project with MNTC. Leighton’s track record for delivering large scale infrastructure in the Philippines includes the first NLEX section between 2003 and 2005 and Segment 8.1 in 2009. Repeating business with prestigious clients validates our reputation for consistently delivering quality projects.”
Construction will start this month and complete in May 2016.
Earlier this week, the firm, which recently saw majority shareholder Hochtief increase its stake from 58% to 74%, won a $1.1bn contract in Asia for a new passenger clearance building at the Hong Kong-Zhuhai-Macao Bridge border crossing facility.